Pattern Energy Buys Wind Farm from Babcock & Brown

Pattern Energy Group, a new renewable energy company backed by Riverstone Holdings, has acquired the 283 MW Gulf Wind Farm in Texas from Babcock & Brown. No financial terms were disclosed, except that debt financing was provided by Mizuho Corporate Bank, Banco Espirito Santo, Bayerische Landesbank, Commerzbank, HSH Nordbank and ING Capital LLC.

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